Common use of Adjustment to Bonuses and Commissions Clause in Contracts

Adjustment to Bonuses and Commissions. Compensation stemming from product sales is fully earned when the applicable return, repurchase, and chargeback periods applicable to product sales have all expired. If a product is returned to Xxxxx Xxxxx for a refund or is repurchased by the Company, or a chargeback occurs, the compensation attributable to the returned or repurchased product(s) will be recovered by the Company. Unearned compensation will be deducted, in the month in which the refund is issued or the chargeback occurs and continuing every pay period thereafter until the commission is recovered, from the Ambassadors and Influencers who received bonuses and commissions on the sales of the refunded products. If Xxxxx Xxxxx issues a refund, the Company may deduct the amount paid to Ambassadors and Influencers for the returned merchandise from the subsequent bonuses and commissions of the Ambassadors or Influencers who received compensation for the sale. Xxxxx Xxxxx Xxxxx reserves the right to withhold or reduce any Ambassadors’ or Influencers’ compensation as it deems necessary to comply with any garnishment or court order directing Xxxxx Xxxxx to retain, hold, or redirect such compensation to a third party.

Appears in 4 contracts

Samples: Ambassador and Influencer Agreement, Ambassador and Influencer Agreement, Ambassador and Influencer Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!